Nigerian CPPE Warns Inflation Decline Not Improving Consumer Conditions

The Centre for Promoting Private Enterprise (CPPE) in Nigeria has highlighted that the recent moderation in inflation rates, with a notable decline to 20.12% in August, has not yet positively impacted consumers. Dr. Muda Yusuf, the Chief Executive Officer of CPPE, cautioned that the relief from moderate inflation has not immediately translated into better living conditions for households.

CPPE emphasized that while there has been progress in price moderation, the gains achieved so far need to be consolidated through targeted policy actions to improve the average Nigerian household's situation.